With the markets trading near all-time highs, Kishor Ostwal, CMD, CNI Research tells Puneet Wadhwa that the Nifty can touch 7,000 going ahead though the up move will see intermittent corrections. He also shares his views on the stocks one can buy at the current levels for Samvat 2070
SmartInvestor : Good evening, Mr Ostwal and welcome. Samvat 2069 has been a choppy affair for the equity investors. What's your broad call for the markets for Samvat 2070?
Kishor Ostwal : I think Samvat year 2070 should be good for investors specially those missed broader large cap rally
SmartInvestor : Where do you see the Sensex and the Nifty from a medium-to-long term perspective?
Kishor Ostwal : I think Nifty has potential to test 7000 and Sensex 24000 but there may be some correction before that which suggest one should buy in dips
Kishor Ostwal : Also investors should now concentrate on beaten down stocks which will give them good returns
SmartInvestor : Do you think that investors should still stick to defensive bets or is it a good time to shift to high beta stocks?
Kishor Ostwal : I think investors should buy high beta beaten down stocks especially pick sectors like realty and engineering segment
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